Catherine Austin Fitts: There Is No Fiscal Cliff In January 2013 Unless You Want It
Catherine Austin Fitts recently commented QE to Infinity and the Lie of the January Financial Cliff. She describes what the bankers are doing to us a Slow Burn. She believes that all assets are being taken away from us day in and day out and being given to the Global Elite offshore. She says there will be no January Fiscal Cliff unless we agree to let the bankers get away with it. Some say that we will not have enough money to pay our federal bills even with all those new taxes on those of us who still have jobs paying more than the minimum wage. She says all we have to do is to put back on the budget all of our stolen assets. The bankers are replacing what used to be our assets with liabilities (Treasury bonds) payable to them from us. That means they stole tens of trillions from us, charged us for the fraud they have committed and demanded we pay them again plus the interest on the money they created out of nothing to pay for the bonds we never needed to buy.
With respect to QE to Infinity Catherine says the purchase of Mortgage Backed Securities Bernanke recently announced is just a continuation of the undoing of the fraud perpetrated by Wall Street. We gave Wall Street 27 trillion dollars in subsidies to undo their mortgage fraud and to keep bankers out of jail while paying them billions in bonuses. It should be noted that the Federal Reserve has a Discount Window at which banks can sell collateral which includes toxic assets or more precisely Mortgage Backed Securities. This means after the collapse if anyone is left alive that Fed can sell those mortgages back to the banks at a discounted price. Of course the mega banks will demand you pay 100 cents on the dollar for a mortgage the taxpayers already paid for at least two or three times. But it is time you learned that bankers believe you must have less so they can have more.
Catherine was a managing partner at Dillon Read and Housing Commissioner under Bush I so she should be listened to when she speculates on where the Global Elite have been doing with the tens of trillions of dollars they have stolen from us. Obviously part of it went offshore to buy real assets in their name while saddling those of us us Left Behind in the USA with all those debts.